Prices have overhauled its downsloping trendline resistance.
Weekly RSI has also cleared its previous peak, suggesting signs of reversal of downtrend.
Prices are likely to head to 380-435 zone where a lot of trading activity has happened earlier.
Bullish outlook remains valid as long as prices stay above 220.
Weekly RSI has also cleared its previous peak, suggesting signs of reversal of downtrend.
Prices are likely to head to 380-435 zone where a lot of trading activity has happened earlier.
Bullish outlook remains valid as long as prices stay above 220.